GST Council has clarified that parlours sell already manufactured ice and hence would draw 18% tax.
The regulations state that if the drink contains fruit content > 10% (5% in case of lemon) then such drink is to be considered as fruit-based beverage
At present, if a business fails to file GSTR-3B of preceding two months, the law restricts the filing for returns on outward supplies or GSTR-1
The real miss of the GST Council has been the inability to even start the discussion on bringing petrol and diesel under the tax.
Food delivery apps like Swiggy and Zomato will be taxed now; concessional rate on Covid drugs to continue, rates on cancer drugs cut
GST Council meeting today: Experts suggest that the decision to bring petrol under the purview of GST is not easy for the GST Council.
Meanwhile, all eyes are on the GST Council meeting scheduled today, 17 September 2021 in Lucknow.
GST Council Meeting: Bringing petroleum products such as petrol, aviation fuel and diesel under the GST regime, could be on the agenda
Due to revenue-related challenges, there is disparity among the Council members on if a uniform GST rate should be levied on petroleum products.
Here is a primer on how GST is calculated on the premium of your insurance policy.